Pulse Electronics Names Ralph E. Faison Chief Executive Officer

January 05, 2011 08:00 AM Eastern Standard Time

PHILADELPHIA--(BUSINESS WIRE)--Pulse Electronics Corporation (NYSE: PULS), a leading provider of
electronic components, announced today its board of directors named
Ralph E. Faison as president and chief executive officer, effective
January 5, 2011. Mr. Faison replaces Drew A. Moyer, who served as the
Company’s interim chief executive officer since August 1, 2010. Mr.
Faison will also be joining the Company’s Board of Directors. Mr. Moyer
will remain the Company’s chief financial officer, a role he has held
since 2004.

Mr. Faison brings significant senior leadership experience to Pulse
Electronics. Most recently, he was president, chief executive officer
and a director of Andrew Corporation, a publicly traded manufacturer of
communication equipment and systems, which was acquired by CommScope,
Inc. in December 2007. Under his leadership, Andrew Corporation’s
revenues increased from approximately $865 million in fiscal 2002 to
nearly $2.2 billion in fiscal 2007. Prior to joining Andrew Corporation,
he was president and chief executive officer of Celiant Corporation, a
manufacturer of power amplifiers and wireless radio frequency systems,
which was acquired by Andrew Corporation in June 2002. From 1995 to
2001, he held leadership roles at Lucent Technologies, including vice
president of Lucent’s New Ventures Group.

Before joining Lucent, Mr. Faison held various leadership positions at
AT&T, including vice president and general manager of AT&T’s wireless
business unit and vice president of manufacturing for AT&T’s consumer
products unit in Bangkok, Thailand. From December 2007 to the present,
Faison was a private investor and devoted time to charitable
organizations, including as chairman of the Chicago Advisory Board for
the Network for Teaching Entrepreneurship, an organization dedicated to
the development and education of underprivileged urban youth. Faison is
a current member of the board of directors of NETGEAR, Inc. (NASDAQ:
NTGR) and BLINQ Networks, a privately held developer of non-line-of
sight wireless backhaul products for compact base stations. He holds a
B.B.A. degree in marketing from Georgia State University and an M.S.
degree in management as a Sloan Fellow from Stanford University.

“We are excited that Ralph Faison will be joining the Pulse management
team as the Company’s new CEO,” said John Burrows, lead director of
Pulse Electronics. “He has a demonstrated track record of growing
revenue and increasing profit. This track record reflects his
comprehensive skill set, which includes proven leadership, marketing
talent and manufacturing expertise.

“Ralph’s extensive background in the communication infrastructure,
wireless and high tech markets is an excellent fit with Pulse. Together
with Drew Moyer’s financial leadership and Chief Operating Officer Alan
Benjamin’s extensive operational knowledge, Pulse has a deep and
experienced executive leadership team.”

“I am very pleased to join Pulse Electronics,” said Faison. “I believe
the Company holds significant unrecognized value. Pulse is well
positioned in strong growth industries and possesses strong brand
equity. We are going to leverage our team’s unmatched engineering
expertise to drive long-term growth. I look forward to working with all
Pulse employees to serve our customers and shareholders.”

About Pulse Electronics Corporation

Pulse Electronics is the electronic components partner that helps
customers build the next great product by providing the needed technical
solutions. Pulse has a long operating history of innovation in
magnetics, antennas and connectors, as well as the ability to ramp
quickly into high-quality, high-volume production. The Company serves
manufacturers in the wireless and wireline communications, power
management, military/aerospace and automotive industries. Previously,
the holding and operating companies were known as Technitrol, Inc. and
Pulse Engineering, Inc., respectively. For more information, visit the
Company’s web site at www.pulseelectronics.com.

This release contains statements that are “forward-looking” within
the meaning of the Private Securities Litigation Reform Act of 1995 and
involve a number of risks and uncertainties. Actual results may differ
materially due to the risk factors listed from time to time in the
Company’s SEC reports including, but not limited to, those discussed in
the Company’s Form 10-Q for the quarter ended October 1, 2010 in Item 1a
under the caption “Factors That May Affect Our Future Results
(Cautionary Statements for Purposes of the “Safe Harbor” Provisions of
the Private Securities Litigation Reform Act of 1995).” All such risk
factors are incorporated into this report by reference as though set
forth in full.